Gulf Resources Inc (NASDAQ:GURE) does about 37.94K shares in volume on a normal day but saw 753951 shares change hands in the recent trading day. The company now has a market cap of 10.82M USD. Its current market price is $0.95, marking an increase of 13.71% compared to the previous close of $0.84. The 52 week high reached by this stock is $1.79 whilst the lowest price level in 52 weeks is $0.50.
Gulf Resources Inc (GURE) has a 20-day trading average at $0.7394 and the current price is -46.70% off the 52-week high compared with 88.99% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7257 and its 200-day simple moving average is $0.8198. If we look at the stock’s price movements over the week, volatility stands at 11.46%, which decreases to 10.87% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.03 to suggest the stock is overbought.
The current price level is 29.02%, 31.46%, and 16.37% away from its SMA20, SMA50, and SMA200 respectively, with the GURE price moving below the 50-day SMA on current market day. Gulf Resources Inc (GURE) stock is up 19.25% over the week and 46.09% over the past month. Its price is 68.11% year-to-date and -27.18% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
Outstanding shares total 10.73M with insiders holding 32.00% of the shares and institutional holders owning 2.13% of the company’s common stock. The company has a return on investment of -38.84% and return on equity of -33.78%. The beta has a value of 0.14. Price to book ratio is 0.07 and price to sales ratio is 1.41.
